Joby Aviation (NYSE:JOBY) Shares Up 5% – Time to Buy?

Posted by Brenda Bartman on May 24th, 2026

Shares of Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) shot up 5% during mid-day trading on Friday . The company traded as high as $11.25 and last traded at $10.9240. 35,723,908 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 27,642,625 shares. The stock had previously closed at $10.40.

Analysts Set New Price Targets

A number of brokerages have issued reports on JOBY. JPMorgan Chase & Co. reduced their price objective on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings cut shares of Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Oppenheimer set a $18.00 price objective on shares of Joby Aviation in a research note on Thursday, February 26th. Canaccord Genuity Group reduced their price objective on shares of Joby Aviation from $15.50 to $11.50 and set a “hold” rating on the stock in a research note on Thursday, May 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $13.06.

Check Out Our Latest Research Report on JOBY

Joby Aviation Trading Up 5.0%

The business’s 50-day moving average price is $9.31 and its two-hundred day moving average price is $11.78. The company has a market capitalization of $10.75 billion, a P/E ratio of -9.50 and a beta of 2.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 22.06 and a quick ratio of 22.05.

Joby Aviation (NYSE:JOBY – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.09. The company had revenue of $24.25 million for the quarter, compared to analysts’ expectations of $20.17 million. Joby Aviation had a negative net margin of 1,232.62% and a negative return on equity of 60.54%. During the same period last year, the firm posted ($0.11) earnings per share. As a group, analysts forecast that Joby Aviation, Inc. will post -0.83 EPS for the current fiscal year.

Insider Activity at Joby Aviation

In other news, insider Gregory Bowles sold 11,530 shares of Joby Aviation stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $9.62, for a total transaction of $110,918.60. Following the transaction, the insider directly owned 170,360 shares of the company’s stock, valued at $1,638,863.20. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kate Dehoff sold 14,295 shares of Joby Aviation stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $8.73, for a total transaction of $124,795.35. Following the transaction, the insider directly owned 163,567 shares in the company, valued at approximately $1,427,939.91. This represents a 8.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 1,096,111 shares of company stock valued at $10,504,153. 28.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Joby Aviation

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of Joby Aviation by 207.4% during the fourth quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock worth $26,000 after purchasing an additional 1,348 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Joby Aviation by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after purchasing an additional 1,880 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Joby Aviation during the fourth quarter worth $28,000. Strategic Advocates LLC acquired a new stake in shares of Joby Aviation during the third quarter worth $29,000. Finally, Pandora Wealth Inc. acquired a new stake in shares of Joby Aviation during the fourth quarter worth $32,000. 52.85% of the stock is owned by institutional investors.

Joby Aviation Company Profile

(Get Free Report)

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.